Michael_Harding

BTCUSD - Weekly

Short
BITSTAMP:BTCUSD   Bitcoin
The weekly timeframe definitely shows that the bullish momentum has stalled out. Indications of that include; RSI held below 70 along with a relatively strong bearish rejection candle.

This leaves me to now believe there is a chance of a correction perhaps down towards the 37k handle as pointed out on the chart.

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